Which of the Following Is True

question 37

Multiple Choice

Which of the following is true?

• A) Transaction gains/losses are taxable, translation gains/losses are not.
• B) Transaction gains/losses arise from having assets and liabilities in another country when exchange rates change.
• C) Translation gains/losses are "real," transaction gains/losses are not.
• D) Translation gains/losses arise from variations in exchange rates between order and shipment.

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Definitions:

Intellectual Property

Legal rights over creations of the mind, such as inventions, literary and artistic works, designs, and symbols.

Copyrights

Legal rights granted to the creator of original works of authorship, providing them exclusive rights to reproduce, distribute, perform, or display the work.

Embodied Agent

A computer-generated character or entity that interacts with users in a virtual environment, often with human-like attributes.

Bot

An automated software application that performs tasks over the Internet, ranging from simple to complex operations, like indexing web content or engaging in conversation.